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Side-by-side financial comparison of T Stamp Inc (IDAI) and XMax Inc. (XWIN). Click either name above to swap in a different company.
XMax Inc. is the larger business by last-quarter revenue ($1.8M vs $908.9K, roughly 1.9× T Stamp Inc). On growth, XMax Inc. posted the faster year-over-year revenue change (-11.8% vs -39.3%). Over the past eight quarters, T Stamp Inc's revenue compounded faster (25.9% CAGR vs -13.7%).
T Stamp Inc, trading under ticker IDAI, develops AI-powered identity verification, trust scoring, and fraud prevention solutions. It serves clients across fintech, healthcare, and e-commerce segments, primarily operating in North America to help organizations securely authenticate user identities and mitigate fraud risks.
XMax Inc. is a global tech firm focused on Web3 gaming infrastructure and interactive entertainment solutions. It builds custom game development toolkits, decentralized asset systems and cross-platform gaming products for developers and consumers in North America, APAC and Europe.
IDAI vs XWIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $908.9K | $1.8M |
| Net Profit | $-2.5M | — |
| Gross Margin | — | 40.3% |
| Operating Margin | -224.9% | -59.3% |
| Net Margin | -279.9% | — |
| Revenue YoY | -39.3% | -11.8% |
| Net Profit YoY | 57.7% | — |
| EPS (diluted) | $-0.37 | $-0.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $908.9K | $1.8M | ||
| Q3 25 | $872.5K | $9.8M | ||
| Q2 25 | $812.7K | $2.6M | ||
| Q1 25 | $545.5K | $2.6M | ||
| Q4 24 | $1.5M | $2.0M | ||
| Q3 24 | $511.1K | $2.6M | ||
| Q2 24 | $500.4K | $2.7M | ||
| Q1 24 | $573.7K | $2.4M |
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $-1.9M | $-1.1M | ||
| Q2 25 | $-1.7M | $-289.9K | ||
| Q1 25 | $-2.2M | $-338.9K | ||
| Q4 24 | $-6.0M | — | ||
| Q3 24 | $-1.3M | $-2.5M | ||
| Q2 24 | $-2.6M | $-563.5K | ||
| Q1 24 | $-2.7M | $-1.5M |
| Q4 25 | — | 40.3% | ||
| Q3 25 | — | 10.1% | ||
| Q2 25 | — | 50.2% | ||
| Q1 25 | — | 45.7% | ||
| Q4 24 | — | 42.8% | ||
| Q3 24 | — | 45.1% | ||
| Q2 24 | — | 44.4% | ||
| Q1 24 | — | 42.8% |
| Q4 25 | -224.9% | -59.3% | ||
| Q3 25 | -203.0% | -5.0% | ||
| Q2 25 | -207.0% | -7.7% | ||
| Q1 25 | -396.5% | -7.3% | ||
| Q4 24 | -81.2% | -48.4% | ||
| Q3 24 | -523.7% | -92.0% | ||
| Q2 24 | -524.7% | -18.5% | ||
| Q1 24 | -496.7% | -62.6% |
| Q4 25 | -279.9% | — | ||
| Q3 25 | -219.1% | -11.5% | ||
| Q2 25 | -210.7% | -11.3% | ||
| Q1 25 | -395.5% | -12.9% | ||
| Q4 24 | -401.5% | — | ||
| Q3 24 | -245.7% | -94.3% | ||
| Q2 24 | -519.3% | -21.0% | ||
| Q1 24 | -466.9% | -61.6% |
| Q4 25 | $-0.37 | $-0.06 | ||
| Q3 25 | $-0.72 | $-0.06 | ||
| Q2 25 | $-0.69 | $-0.02 | ||
| Q1 25 | $-0.89 | $-0.03 | ||
| Q4 24 | $-3.14 | $0.11 | ||
| Q3 24 | $-1.06 | $-0.72 | ||
| Q2 24 | $-3.19 | $-0.22 | ||
| Q1 24 | $-3.97 | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.0M | $6.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.7M | $28.0M |
| Total Assets | $11.2M | $35.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.0M | $6.7M | ||
| Q3 25 | $5.4M | $1.7M | ||
| Q2 25 | $292.1K | $468.8K | ||
| Q1 25 | $1.1M | $147.3K | ||
| Q4 24 | $2.8M | $161.9K | ||
| Q3 24 | $598.0K | $162.3K | ||
| Q2 24 | $659.5K | $363.4K | ||
| Q1 24 | $816.7K | $273.1K |
| Q4 25 | $8.7M | $28.0M | ||
| Q3 25 | $6.1M | $13.6M | ||
| Q2 25 | $2.4M | $6.5M | ||
| Q1 25 | $4.1M | $6.8M | ||
| Q4 24 | $3.0M | $3.1M | ||
| Q3 24 | $5.4M | $-895.9K | ||
| Q2 24 | $750.4K | $48.2K | ||
| Q1 24 | $1.4M | $-42.7K |
| Q4 25 | $11.2M | $35.5M | ||
| Q3 25 | $11.2M | $18.3M | ||
| Q2 25 | $5.7M | $11.6M | ||
| Q1 25 | $6.6M | $11.9M | ||
| Q4 24 | $8.6M | $9.9M | ||
| Q3 24 | $10.6M | $5.1M | ||
| Q2 24 | $5.2M | $5.8M | ||
| Q1 24 | $5.6M | $6.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.0M | $1.7M |
| Free Cash FlowOCF − Capex | $2.0M | — |
| FCF MarginFCF / Revenue | 215.4% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-5.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0M | $1.7M | ||
| Q3 25 | $-4.0M | $-1.9M | ||
| Q2 25 | $-2.1M | $92.5K | ||
| Q1 25 | $-1.5M | $-322.6K | ||
| Q4 24 | $-2.7M | $-263.4K | ||
| Q3 24 | $-2.4M | $-437.9K | ||
| Q2 24 | $-1.6M | $-468.7K | ||
| Q1 24 | $-2.2M | $-221.7K |
| Q4 25 | $2.0M | — | ||
| Q3 25 | $-4.0M | — | ||
| Q2 25 | $-2.1M | — | ||
| Q1 25 | $-1.6M | — | ||
| Q4 24 | $-2.7M | — | ||
| Q3 24 | $-2.4M | — | ||
| Q2 24 | $-1.6M | — | ||
| Q1 24 | $-2.2M | — |
| Q4 25 | 215.4% | — | ||
| Q3 25 | -459.6% | — | ||
| Q2 25 | -258.6% | — | ||
| Q1 25 | -289.2% | — | ||
| Q4 24 | -182.9% | — | ||
| Q3 24 | -475.4% | — | ||
| Q2 24 | -320.9% | — | ||
| Q1 24 | -376.6% | — |
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 6.8% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 0.5% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IDAI
Segment breakdown not available.
XWIN
| North America | $1.7M | 97% |
| Other | $50.4K | 3% |
